Property insurance rates have been a hot topic in Florida. Private insurers are leaving the state, and those that remain are vilified for their rate hikes. The state's solution has been, increasingly, to take on the risk itself. William Stander, spokesman for the Property Casualty Insurers Association of America, said Florida is taking on a greater risk than it realizes. "If you're not allowing private companies to charge what they need to charge, and you throw that policy of insurance to the state, you are just encouraging the dramatic expansion of your potential liability. And then ultimately the bill comes due, and we all pay."
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